Barclays Reiterates “Overweight” Rating for Diageo (LON:DGE)

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Barclays reissued their overweight rating on shares of Diageo (LON:DGE) in a research report sent to investors on Wednesday, Digital Look reports. They currently have a GBX 3,700 ($48.35) target price on the stock.

Several other equities analysts have also recently issued reports on the company. Kepler Capital Markets reiterated a hold rating on shares of HEIDELBERGCEMEN/ADR in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated a hold rating and set a $0.35 price target on shares of DB Commodity Double Short ETN in a research report on Friday, July 12th. Sanford C. Bernstein set a €105.00 ($122.09) price target on Merck KGaA and gave the company a buy rating in a research report on Monday, April 8th. Credit Suisse Group reiterated an outperform rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on Diageo and gave the company a neutral rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 3,243.82 ($42.39).

Shares of DGE stock opened at GBX 3,387 ($44.26) on Wednesday. Diageo has a 1 year low of GBX 2,513 ($32.84) and a 1 year high of GBX 3,500.50 ($45.74). The firm has a market cap of $80.34 billion and a PE ratio of 28.39. The firm’s fifty day moving average price is GBX 3,399.44. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (LON:DGE)

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